A recent review of Nigerian banks’ bond portfolios showed that the institutions were not directly exposed to Silicon Valley Bank, the governor of the country’s central bank has said. In addition, the governor said the Central Bank of Nigeria’s stringent guidelines help to create a “very safe” banking system.
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Deutsche Bank shares plunged on Friday, along with the stocks of other European banks, amid investor concerns over the stability of the global banking sector. The drop comes in the aftermath of the recent emergency rescue of Credit Suisse and follows losses in U.S. banks on Thursday.
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Bitcoin (BTC), the largest cryptocurrency by market capitalization, was recently changing hands at about $27,450, down more than 2% over the past 24 hours, according to CryptoX data. BTC rose as high as about $28,300 earlier in the day and is up more than 16% in March.
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The core issue is not that people’s deposits are at risk from there being too little federal insurance or bailout money to go around, though the problem that there’s a natural limit to that important backstop is another argument for bitcoin. It’s the concentration of banking power that fearful depositors BankBitcoinCaseConsolidationFreedomThreatens Read More
Bitcoin (BTC) diced with $28,000 at the March 24 Wall Street open as fresh banking woes failed to provide a further boost to crypto.BTC/USD 1-hour candle chart (Binance). Source: TradingViewTraders stay optimistic on BTC long-term trendData from Cointelegraph Markets Pro and TradingView showed BTC/USD losing momentum to hit daily lows 28KBankBitcoinBTCCentersCreditcryptoexchangeDeutscheExchangesFollowPriceSharesSuisse Read More
The project is seen as a first step with the potential for additional functionality, the note said. These may include the ability to record repairs within the NFT, to use stablecoins as the payment leg for “atomic title transfers” and allow vehicle-licensing agencies from other states to join the platform AgenciesAmericaApplicationsBankBlockchainsCaliforniaFederalLeadsStateU.S Read More
Emerging central bank digital currency (CBDC) cross-border transaction technology could transform the global economy by providing faster, cheaper and safer services for many of its players. But banks may not fare as well in that new economy, Moody’s Investor Service said in a report dated March 21.Many proposals for BankBitcoinCBDCcryptoexchangeEconomyExchangesGlobalMoodysPotentialProfitsRiskTransformation Read More
Self-custody, transparency and immediate settlement are just a few ways that crypto could prevent loss of funds.
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According to the Swiss National Bank, additional interest rate hikes should not be ruled out in the mid to long term.
The apex bank of Switzerland, the Swiss National Bank (SNB) has announced its latest interest rate hike by 50 basis points or 0.5%. According to the press release published by BankBankingBasisCrisisInterestNationalPointsRaisesRateSwiss Read More